[DigitalToday reporter Ji-young Lee] Toss Insurance, a corporate insurance agency (GA), introduced insurance checks that may be helpful if reviewed in advance of the Lunar New Year holiday, it said on Feb. 11. Reviewing coverage details beforehand can help reduce the burden of unexpected costs, it said.

First, it is necessary to review parents' insurance. Many people think it is difficult to take out insurance due to hospital treatment history or medication use, but there is room to secure coverage through insurance for people with pre-existing conditions or such plans within insurers' standard products. In that case, it is necessary to consider not only eligibility but also the level of coverage relative to actual medical costs and how much any coverage gaps can be supplemented.

It also said checking whether family daily life liability coverage is included is another item to review. Water leakage incidents that could occur while the home is left unattended for a long period, or accidental incidents caused by carelessness in daily life, can be prepared for through family daily life liability insurance. This coverage is sometimes included as a rider in comprehensive insurance, driver insurance or home fire insurance, making it necessary to review policy details. If there has been a move, it is also necessary to check whether the change of address has been properly reflected.

For insurance taken out long ago, it said it is necessary to check the level of coverage relative to premiums and the status of management. That is because coverage may be insufficient due to changes in the medical environment, and changes such as automatic payment accounts or cards, renewal timing, or changes in address or occupation may not have been properly reflected. It said checking for overlapping coverage can also increase usefulness.

As vehicle travel increases during the Lunar New Year holiday period, it said it is also necessary to review the coverage scope of auto insurance and driver insurance. It is helpful to check whether the driver scope and age conditions of auto insurance match actual driving situations and, if necessary, use a temporary driver rider. It said items such as criminal settlement payments, fines and attorney fees can be covered by driver insurance, making it necessary to check key coverage items and limits.

It also recommended confirming indemnity insurance claim procedures in advance. With the recent introduction of a system to digitise indemnity insurance claims, claims can be made without submitting documents through apps such as Silson24, so it is advantageous to check the claim method of the insurer.

A Toss Insurance official said, "Just reviewing insurance coverage once ahead of the Lunar New Year holiday can help reduce the burden after the holiday," and added, "We hope you refer to these checkpoints carefully selected by insurance experts, check whether you are prepared in line with your own living situation, and have a reassuring holiday."